This post contains the first video in a macroeconomic series I have put together. This video briefly summarizes a few broad macroeconomic concepts. The concepts summarized are unemployment, inflation, international trade, monetary and fiscal policy, and national income.
The video briefly discusses what unemployment is, the costs of unemployment and potential solutions.
The video looks at what inflation is and how inflation erodes savings and wealth.
The video explains what international and free trade is and the potential costs and benefits.
The video explains the difference between monetary and fiscal policy.
The video describes national income in terms of Gross Domestic Product (GDP). The video briefly discusses how GDP figures can be misleading.
The video can be watched at the link below:
Other videos in this series will cover unemployment, inflation, international trade, monetary and fiscal policy, and national income in greater detail.
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